Financial Accounting > EXAM > ACCT 525 Exam 1 Practice (All)
ACCT 525 Exam 1 Practice
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Mayeux Corporation uses an activity-based costing system with three activity cost pools. The company has provided the following data concerning its costs and its activity-based costing system: Cost... s: Wages and salaries $320,000 Depreciation 160,000 Utilities 240,000 Total $720,000 Distribution of resource consumption: Activity Cost Pools Assembly Setting Up Other Tot al Wages and salaries 50% 40% 10% 100 % Depreciation 10% 55% 35% 100 % Utilities 15% 50% 35% 100 % How much cost, in total, would be allocated in the first-stage allocation to the Setting Up activity cost pool? Multiple Choice 2 $360,000 2 $336,000 2 Correct 2 $288,000 2 $348,000 Explanation Allocations to the Setting Up activity cost pool: Wages and salaries (40% × $320,000) $128,000 Depreciation (55% × $160,000) 88,000 Utilities (50% × $240,000) 120,000 [Show More]
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